SWIFT TRANSPORTATION Co 4
4 · SWIFT TRANSPORTATION Co · Filed May 31, 2017
Insider Transaction Report
Form 4
Dragash Mickey R
General Counsel and Secretary
Transactions
- Award
Class A Common Stock, Restricted Stock Unit
2017-05-26$23.81/sh+10,237$243,743→ 11,659 total
Footnotes (1)
- [F1]Represents an award of Restricted Stock Units ("RSUs") granted under the Issuer's 2014 Omnibus Incentive Plan and is a contingent right to receive one share of the Issuer's Class A common stock, subject to certain acceleration, forfeiture and termination provisions, vested in three equal installments over a three-year period beginning with the first anniversary from the grant date. Further, if a Grantee's employment is terminated in connection with the transaction contemplated by the Agreement and Plan of Merger by and Among the Company, Bishop Merger Sub., Inc. and Knight Transportation, Inc. dated as of April 9, 2017, then a portion of the shares of RSUs granted above to each will become vested as of the date of the Grantee's termination of employment, determined by multiplying the number of RSUs granted above by a fraction, the numerator of which is the number of completed days of service following the grant date prior to termination, and the denominator of which is 1,095.